Glenville Volunteer Fire Company No 1 Inc
Glenville Volunteer Fire Company No 1 Inc maintains strong asset base with zero liabilities and no officer compensation despite fluctuating revenues.
EIN: 161771782 · Greenwich, CT · NTEE: M24 · Updated: 2026-03-28
Is Glenville Volunteer Fire Company No 1 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glenville Volunteer Fire Company No 1 Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glenville Volunteer Fire Company No 1 Inc
Glenville Volunteer Fire Company No 1 Inc (EIN: 161771782) is a nonprofit organization based in Greenwich, CT, classified under NTEE code M24. The organization reported total revenue of $176K and total assets of $339K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glenville Volunteer Fire Company No 1 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glenville Volunteer Fire Company No 1 Inc is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $215K |
| Total Expenses | $267K |
| Surplus / Deficit | $-52,063 |
| Total Assets | $313K |
| Net Assets | $313K |
| Operating Margin | -24.2% |
| Months of Reserves | 14.1 months |
Financial Health Grade: B
In 2023, Glenville Volunteer Fire Company No 1 Inc reported a deficit of $52K with expenses exceeding revenue, holds 14.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Glenville Volunteer Fire Company No 1 Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.1% | +187.3% | -16.4% |
| 2022 | +48.8% | +48.4% | +29.1% |
| 2021 | +201.3% | +6.0% | +20.9% |
| 2020 | -46.1% | -44.9% | -8.3% |
| 2019 | -25.4% | +38.6% | -12.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glenville Volunteer Fire Company No 1 Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Glenville Volunteer Fire Company No 1 Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $52K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating a fully volunteer-led executive structure, which is highly commendable for a nonprofit of its size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Glenville Volunteer Fire Company No 1 Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations could impact long-term planning and operational consistency.
Strengths
The following positive indicators were identified for Glenville Volunteer Fire Company No 1 Inc:
- Zero liabilities reported across all filings, indicating excellent financial health.
- No officer compensation, suggesting a highly volunteer-driven model and efficient use of funds.
- Consistent IRS 990 filing history (13 filings) demonstrates strong transparency.
- Healthy asset base ($312,839 in 2023) provides financial security.
- Strong recovery in revenue in 2023 ($215,099) after a dip in previous years.
Frequently Asked Questions about Glenville Volunteer Fire Company No 1 Inc
Is Glenville Volunteer Fire Company No 1 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glenville Volunteer Fire Company No 1 Inc (EIN: 161771782) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Glenville Volunteer Fire Company No 1 Inc spend its money?
Glenville Volunteer Fire Company No 1 Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glenville Volunteer Fire Company No 1 Inc tax-deductible?
Glenville Volunteer Fire Company No 1 Inc is registered as a tax-exempt nonprofit (EIN: 161771782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Glenville Volunteer Fire Company No 1 Inc a good charity?
Based on the provided financial data, Glenville Volunteer Fire Company No 1 Inc appears to be a very good charity. It consistently reports zero liabilities, maintains a healthy asset base, and has no officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's revenue trended recently?
The organization's revenue has shown significant fluctuation in recent years, increasing from $37,436 in 2020 to $215,099 in 2023, after a dip in 2022 from 2021 levels. This indicates a variable funding environment.
What is the organization's financial stability?
Glenville Volunteer Fire Company No 1 Inc demonstrates strong financial stability. It consistently reports $0 in liabilities across all filings and maintains a substantial asset base, currently $312,839 as of 2023, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for Glenville Volunteer Fire Company No 1 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glenville Volunteer Fire Company No 1 Inc's revenue has grown by 377.5%, moving from $45K to $215K. Total assets increased by 908% over the same period, from $31K to $313K. Total functional expenses rose by 541.9%, from $42K to $267K. In its most recent filing year (2023), Glenville Volunteer Fire Company No 1 Inc reported a deficit of $52K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $215K | $267K | $313K | $0 | — | View 990 |
| 2022 | $168K | $93K | $374K | $0 | — | View 990 |
| 2021 | $113K | $63K | $290K | $0 | — | View 990 |
| 2020 | $37K | $59K | $240K | $0 | — | — |
| 2019 | $69K | $107K | $262K | $0 | — | View 990 |
| 2018 | $93K | $77K | $300K | $0 | — | View 990 |
| 2017 | $50K | $49K | $63K | $0 | — | View 990 |
| 2016 | $49K | $58K | $61K | $0 | — | View 990 |
| 2015 | $59K | $58K | $70K | $0 | — | View 990 |
| 2014 | $82K | $55K | $69K | $0 | — | View 990 |
| 2013 | $85K | $62K | $43K | $0 | — | View 990 |
| 2012 | $48K | $60K | $20K | $0 | — | View 990 |
| 2011 | $45K | $42K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $215K, expenses of $267K, and assets of $313K (revenue +28.1% year-over-year).
- 2022: Revenue of $168K, expenses of $93K, and assets of $374K (revenue +48.8% year-over-year).
- 2021: Revenue of $113K, expenses of $63K, and assets of $290K (revenue +201.3% year-over-year).
- 2020: Revenue of $37K, expenses of $59K, and assets of $240K (revenue -46.1% year-over-year).
- 2019: Revenue of $69K, expenses of $107K, and assets of $262K (revenue -25.4% year-over-year).
- 2018: Revenue of $93K, expenses of $77K, and assets of $300K (revenue +85.7% year-over-year).
- 2017: Revenue of $50K, expenses of $49K, and assets of $63K (revenue +1.4% year-over-year).
- 2016: Revenue of $49K, expenses of $58K, and assets of $61K (revenue -16.5% year-over-year).
- 2015: Revenue of $59K, expenses of $58K, and assets of $70K (revenue -27.4% year-over-year).
- 2014: Revenue of $82K, expenses of $55K, and assets of $69K (revenue -4.2% year-over-year).
- 2013: Revenue of $85K, expenses of $62K, and assets of $43K (revenue +76.1% year-over-year).
- 2012: Revenue of $48K, expenses of $60K, and assets of $20K (revenue +7.4% year-over-year).
- 2011: Revenue of $45K, expenses of $42K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glenville Volunteer Fire Company No 1 Inc:
Data Sources and Methodology
This transparency report for Glenville Volunteer Fire Company No 1 Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.